Here's the complete release (Valence is mentioned at the very end as part of the disclaimer that SRSs pending acquisition of VLNC could have an effect on the results......) -
(I think it's VERY INTERESTING that SRS would mix up Valence Tech with VIP Tech. Valence is obviously on someone's minds and has been mentioned before, whether it's a buyout or JV or whatever.)
While I normally wouldn't take such a typo as good news, I'll take anything that leads some positive speculation in VLNC right now, against the backdrop of gloom and doom that we've experienced lately....
SRS Labs to be Featured on Technology Radio Talk Show, 'Into Tomorrow,' On February 8,
1998
PR Newswire, Thursday, February 05, 1998 at 13:03
SANTA ANA, Calif., Feb. 5 /PRNewswire/ -- SRS Labs, Inc. (NASDAQ:SRSL),
the world's leading licenser of audio enhancement technologies, announced
today that SRS President Steve Sedmak and SRS Corporate Spokesperson Jennifer
Drescher have been selected as featured guests on Into Tomorrow, a live radio
network program covering the latest in consumer electronics and technology.
Sedmak and Drescher will represent SRS Labs on this week's show entitled Home
Theater and Audio, which will air live on Sunday, February 8th from 2:00 to
4:00 p.m. (EST) on an extensive syndicated network (visit
graveline.com for a listing of stations). Millions of listeners
worldwide will get a first hand introduction of SRS Labs' audio technologies
and how they are being used to enhance home theater systems by the world's
leading manufacturers.
Into Tomorrow deals with the latest technology and acts as a forum for
discerning consumers to obtain information. The February 8th edition on home
theater will provide listeners with the knowledge they need to shop or build a
home theater system, or improve an existing one. It will also demystify what
home theater really is and what consumers need to know before jumping into the
market to buy. Other guests scheduled include representatives from
electronics manufacturers' Yamaha, Philips Electronics and Niles Audio.
Into Tomorrow is highly interactive, with listeners encouraged to
participate on the program via electronic mail at live@graveline.com, or call
the toll-free open phone lines in advance of the show to submit a question for
discussion or live during the broadcast at 1-800-899-INTO (4686).
Sedmak and Drescher will add a valuable element to the show's program
drawing on their knowledge gained from SRS Labs' status as a leading, audio
technology provider to many of the world's leading home theater manufacturers,
including Sony, Kenwood, Pioneer, RCA, Sharp and Hitachi. Over 115
manufacturers worldwide have become customers of SRS Labs and include either
the SRS(R) 3D Sound technology or the company's new multi-channel virtual
audio, TruSurround(TM), in a variety of consumer electronics products.
Whether a consumer has a full home theater system with multiple speakers or is
looking for an alternative to purchasing surround sound speakers, SRS Labs'
audio technologies provide a depth of realism and excitement to the home
theater experience that is not available with a standard home theater setup.
"Jennifer and I are really looking forward to being guests on this
program," states Steve Sedmak. "There is a lot of mystery surrounding home
theater and a live radio show such as Into Tomorrow is a perfect forum for
educating a mass audience of consumers. The interactivity of a live program
is also very exciting. We look forward to participating and encourage
everyone to both listen in and call the show with any questions or comments."
About Into Tomorrow
Bringing you the latest in technology and consumer electronics every
weekend, there's no other radio show like Into Tomorrow! Into Tomorrow is the
radio network program covering the latest in consumer electronics and
technology. The program is hosted by Dave Graveline, one of the most talented
and professional award-winning radio and television hosts in the business.
The show is a dynamic blend of listener interaction and insightful and
informative guests speaking on a variety of topics related to technology.
The live program airs every Sunday afternoon from 2pm to 4pm (ET). Into
Tomorrow is beamed via satellite to over 140 countries and U.S. territories
(including remote areas of Alaska) via an agreement with the Armed Forces
Radio and Television Service (AFRTS). The program reaches an additional
potential audience of one million listeners as an on-going addition to the
AFRTS schedule.
About SRS Labs
Under the leadership of chairman Thomas C.K. Yuen, co-founder of AST
Research, SRS Labs, Inc. is the world's leading developer and licenser of
premium audio enhancement technology to the global community of consumer
electronics and computer OEMs. Audio technology from SRS Labs has shipped in
over 18 million products worldwide from over 115 industry leading
manufacturers, including Sony, RCA, Kenwood, Nakamichi, Sharp, Mitsubishi,
Samsung, Sanyo, Pioneer, Packard Bell, IBM, AST, Acer, Gateway 2000, Micron,
Toshiba, Compaq, Dell, Apple, Kurzweil and Kawai.
SRS Labs has partnered with leading semiconductor companies to introduce
digital and analog chip solutions of its core SRS 3D Sound technology as well
as TruSurround(TM), its latest virtual audio technology. These chip partners
include Cirrus Logic, Chromatic Research, S3, Zoran, SGS-Thomson, Seponix,
Mitsubishi, AKM Semiconductor, Medianix, LSI Logic, and New Japan Radio
(NJRC).
SRS Labs' portfolio of audio technologies available for license includes:
SRS 3D Sound, which creates a 3D surround sound image from either a stereo or
mono source from just two standard speakers; TruSurround(TM), a Dolby(R)-
certified virtual audio technology, which creates a completely immersive
surround sound experience from two speakers using a DVD or multi-channel audio
source, including Dolby Digital, Dolby Surround or Dolby Pro Logic; FOCUS(TM),
originally designed for the automobile market, which electronically
repositions a sound image from any non-optimally located speaker placement;
the AVT(TM) (Acoustic Vector Technology) speaker system, a unique, dual-
driver, passive speaker design; and VIP(TM) (Voice Intelligibility Processor)
technology, which improves the intelligibility of human voice in a variety of
listening situations, including high ambient noise environments.
SRS Labs' current patent portfolio now includes over 50 issued U.S. and
foreign patents relating to the SRS, Sound Retrieval System(R), technology.
SRS Labs' total patent portfolio includes over 78 issued U.S. and foreign
patents. In addition, SRS Labs has numerous patent applications still pending
in countries worldwide.
For more information, contact SRS Labs at 2909 Daimler Street, Santa Ana,
CA 92705, (714) 442-1070, fax (714) 852-1099. To learn more about SRS Labs or
to download SRS processed sound files, visit the SRS Labs website at
srslabs.com. All press releases are available on the SRS Labs
website at srslabs.com.
SRS, Sound Retrieval System, the SRS symbol and the phrase "everything
else is only stereo" are registered trademarks of SRS Labs, Inc. in the United
States and selected foreign countries. VIP, TruSurround, FOCUS and AVT are
trademarks of SRS Labs, Inc. All other brand names mentioned are trademarks
or registered trademarks of their respective holders.
Above statements of may include forward-looking statements and projections
(including statements concerning plans and objectives of management for future
operations and services, and statements concerning earnings expectations),
that are based on management's belief as well as assumptions made by, and
information currently available to, management.
Although SRS Labs believes that its expectations are based upon reasonable
assumptions, there can be no assurances that the Company's financial goals
will be realized. Numerous factors may affect the Company's actual results
and may cause results to differ materially from those expressed in forward-
looking statements made by or on behalf of the Company. Some of these factors
include SRS Labs' ability to close the acquisition of Valence Technology,
Inc., the extent to which SRS Labs' licensees incorporate SRS or the company's
other technologies into products, the increase in SRS Labs' licensee base, the
acceptance of SRS Labs' new technologies, the rate SRS Labs' semiconductor
licensees manufacture and distribute chips to OEMs, SRS Labs' ability to
continue to effectively compete with others in the field of audio enhancement
technologies and general business and economic conditions, particularly those
affecting the consumer electronics market.
SOURCE SRS Labs, Inc.
-0- 02/05/98
/CONTACT: Jennifer A. Drescher, Director of Corporate Relations for
SRS Labs, Inc., 714-442-1070, jenniferd@srslabs.com/
/Web site: srslabs.com
/Web site: graveline.com
/Web site: srslabs.com |
